philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in
Threads Dance Project EIN 27-3479875

Threads Dance Project FY2021 filing

EIN  27-3479875 Public charity (501(c)(3)) Minneapolis, MN Founded 2011
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Threads Dance Project claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Examines, exposes, and celebrates the threads that connect us all.
Leadership
Karen Charles · Executive Director · $39K
Money in and out
$255K revenue, $257K expenses
Bottom line
79% program efficiency

Examines, exposes, and celebrates the threads that connect us all. For fiscal year 2021 it reported $255K in revenue, $257K in expenses, and $30K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$255K
Pt VIII · Ln 12
Total expenses
$257K
Pt IX · Ln 25
Net assets
$30K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.13 Fundraising $0.08
Program efficiency
79%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$255K
FY20210%
Expenses
$257K
FY2021▼ -12%
Total assets
$92K
FY2021▼ -3%
Total liabilities
$62K
FY2021▼ -1%
Total revenue
$255K
Pt VIII · Ln 12
Total expenses
$257K
Pt IX · Ln 25
Net assets
$30K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$92K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $203K of program spending, described in the organization's own filed words · FY2021.
01

Our three organizational pillars are performance, outreach, and organizational effectiveness. In 2021, threads presented one performance and a dance film. Due to the COVID-19 pandmic, our spring 2020 performances aka.

$203Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThreads Dance Project
EINHdr · item D27-3479875
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jthreadsdance.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Karen Charles
Executive Director
$39,057Pt VII · Sec A
Christine Clifford
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Amanda Norman
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Amanda Thor
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Karen Charles’s $51K as Executive Director is at the 45th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Charles$51,425$46,325$39,056$44,157$39,057$33,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Threads Dance Project executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$240K · 94%
Program service revenue$10K · 4%
Other revenue$5K · 2%
Contributions & grants94%$240K
Program service revenue4%$10K
Other revenue2%$5K
Investment income$1
— government grantsLn 1e$20K
Total revenueLn 12$255K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.13 Fundraising $0.08
Program services79%$203K
Management & general13%$32K
Fundraising8%$21K
Total functional expensesLn 25$257K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$92K
Total liabilitiesLn 26$62K
Total net assetsLn 32$30K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $257K
3.7 months
Where the money goes
Program services
Program services $203K · Total expenses $257K
79%
Management & General
Management & general $32K · Total expenses $257K
13%
Fundraising
Fundraising $21K · Total expenses $257K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $25K · Solicited contributions (2-yr avg) $232K
$0.11 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $240K · Total revenue $255K
94%
Government reliance
Government grants $20K · Total revenue $255K
8%
Earned-income share
Program service revenue $10K · Total revenue $255K
4%
Investment reliance
Investment income $1 · Total revenue $255K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $257K
4%
Growth & trend
Revenue growth (YoY)
This year $255K · Prior year $254K
0%
Net-asset trend (YoY)
End of year $30K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $255K · Expenses $257K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $92K
—
Net-asset ratio
Net assets $30K · Total assets $92K
33%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $92K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Charles · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $39K · Total expenses $257K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $133K · Total expenses $257K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 13%——
Fundraising cost ratio 9%——
Revenue growth 0%——
Accounting fee ratio 4%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
The International Association of Blacks in Dance INCFY2024$200K
Thrivent Financial for LutheransFY2024$50K
The McKnight FoundationFY2024$30K
Jerome Foundation INCFY2024$28K
American Endowment FoundationFY2024$26K
The New York Community TrustFY2024$20K
Total grants receivedfrom 6 funders$353K
See all 6 funders →

Similar Organizations

Closest in mission — by what they do
One Thread Project INCNE
Threaded TogetherAZ
A New Thread INCTX
Pack DanceMO
Threadhead Cultural FoundationLA
Of Moving Colors ProductionsLA
See all organizations like Threads Dance Project →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$528K revenue · ⤓ 990 PDF
FY2024$328K revenue · ⤓ 990 PDF
FY2023$431K revenue · ⤓ 990 PDF
FY2022$254K revenue · ⤓ 990 PDF
FY2021$255K revenue · viewing · ⤓ 990 PDF
FY2020$254K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.